Financial Management: Concepts and Applications, Global Edition + MyLab Finance with eText

Stephen Foerster
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Financial Management: Concepts and Applications, Global Edition + MyLab Finance with eText

By Stephen Foerster
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Stephen Foerster
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This pack contains 1 copy of Financial Management: Concepts & Applications, Global Edition and 1 printed access card to MyLab Finance with eText.

For courses in Corporate Finance. A balanced overview of financial management theory and practice

Finance is one of the key drivers of a firm’s activities, and a critical component to understanding business in general. Financial Management: Concepts and Applications is designed to help students with no prior knowledge grasp the applications and relevance of finance. Author Stephen Foerster reveals the practical side of finance, rather than just its theoretical concepts, and shows how finance intersects with many other areas of business.

This program provides a better teaching and learning experience—for you and your students. It will help you to:

Encourage students to focus on the big picture: A thematic approach helps students achieve a holistic view of how finance impacts many aspects of business.
Highlight applications of finance: A strong emphasis on applications helps students see the relevance of finance, and keeps them interested in the course.
Foster thorough understanding via learning aids: Various tools, throughout the text and at the end of each chapter, support students as they learn and review.

MyLab Finance is an online homework, tutorial, and assessment product designed to personalize learning and improve results. With a wide range of interactive, engaging, and assignable activities, students are encouraged to actively learn and retain tough course concepts.

MyLab Finance is not a self-paced technology and should only be purchased when required by an instructor.
The duration of access to MyLab Finance is set by your instructor for your specific unit of study.

  • A unique framework provides a unifying financial management theme throughout the text. At the beginning of each chapter, the relationship between the concepts in the chapter and the unifying theme is explored. This approach helps students keep an eye on the forest rather than getting lost in the trees.
  • A comprehensive case study at the end of the text summarises the major concepts addressed throughout the book and reflects the unifying theme. The last chapter focuses on well-known retail giant, Wal-Mart Stores, Inc., and shows how the concepts introduced in the book can be applied to assess Walmart’s performance and to identify ways in which Walmart can create value for its shareholders.
  • In order to make sure students gain as much practical knowledge as possible, the text emphasises the applications of concepts. Examples relating to Home Depot, Inc., the world’s largest home improvement retailer, are presented throughout. For example, after cost of capital is discussed, the text shows how to estimate Home Depot’s cost of capital. Examples pertaining to other firms and situations are included where relevant. Much of this information is conveyed visually via charts, exhibits, and tables.
  • The text highlights the relevance of principles of finance to practicing managers, both in finance and in other areas. A summary section in each chapter highlights the relevance of the concepts and ideas presented, as well as the key takeaways for managers.
  • Foster thorough understanding via learning aids
  • A collection of learning tools throughout the text helps students stay on track:
  • Self-study questions in each chapter summarise the key concepts covered in the chapter.
  • Present value tables at the end of the book enable students to calculate values.
  • A glossary of key terms at the end of the text serves as a helpful reference for students as they work through the material.
Pack items
Table of contents
  • 1. Overview of Financial Management
  • 2. Sizing Up a Business: A Non-Financial Perspective
  • 3. Understanding Financial Statements
  • 4. Measuring Financial Performance
  • 5. Managing Day-To-Day Cash Flow
  • 6. Projecting Financial Requirements and Managing Growth
  • 7. Time Value of Money Basics and Applications
  • 8. Making Investment Decisions
  • 9. Overview of Capital Markets: Long-Term Financing Instruments
  • 10. Assessing the Cost of Capital: What Investors Require
  • 11. Understanding Financing and Payout Decisions
  • 12. Designing an Optimal Capital Structure
  • 13. Measuring and Creating Value
  • 14. Comprehensive Case Study: Wal-Mart Stores, Inc.